Subject: Protect shareholder rights!! (File No. S7-16-07)

As a concerned American citizen I very strongly urge that you
protect the right of investors to file shareholder resolutions
and urge you to take no action on the proposed initiatives that
would curtail or eliminate this essential right.

Shareholder resolutions are an invaluable tool for investors who
want to make their voices heard with regard to the direction of
their companies. Shareholder resolutions have helped to promote
transparency and improve corporate governance and performance.
They have called attention to critical issues, including global
warming, nuclear power, sweatshops, executive compensation,
natural resource extraction, and other major societal and
environmental problems that, when not addressed, often end up
costing shareholders and their companies as a result of
lawsuits, damaged reputations, consumer boycotts, public
protests, and low staff morale.

The many corporate scandals of recent years highlight how
important it is to have more, not less, corporate transparency
and accountability. Shareholder resolutions have proven
effective in holding companies accountable to their owners. I
ask that the commission safeguard, not undermine, their use.